JOYE CONSTRUCT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JOYE CONSTRUCT
Largest movements
- Receivables within one year -€554,141
down €554,141 (-55.9%), from €990,708 to €436,567
of which Other amounts receivable: -€534,602
- Stocks and contracts -€428,490
down €428,490 (-8.2%), from €5.2m to €4.8m
- Financial fixed assets +€300,000
up €300,000 (+53.7%), from €558,495 to €858,495
- Tangible fixed assets -€243,663
down €243,663 (-7.0%), from €3.5m to €3.2m
of which Land and buildings: -€227,776
- Other debts -€1.2m
down €1.2m (-31.4%), from €3.7m to €2.6m
- Reserves +€465,401
up €465,401 (+21.1%), from €2.2m to €2.7m
of which Distributable reserves: +€465,401
- Debts after one year -€162,011
down €162,011 (-7.2%), from €2.2m to €2.1m
- Short-term financial debts -€120,220
down €120,220 (-7.6%), from €1.6m to €1.5m
- Gross operating margin +€717,548
up €717,548 (+225.2%), from €318,575 to €1.0m
- Taxes +€93,697
up €93,697 (+6199.6%), from €1,511 to €95,208
- Financial income +€48,324
up €48,324 (+2844.8%), from €1,699 to €50,022
- Financial charges -€32,150
down €32,150 (-23.0%), from €139,991 to €107,841
- Other operating charges -€28,325
down €28,325 (-20.1%), from €140,900 to €112,575
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,253,502 | €9,341,004 | -€912,497 | -8.9% |
| Fixed assets | 21/28 | €4,033,754 | €4,090,091 | +€56,337 | +1.4% |
| Tangible fixed assets | 22/27 | €3,475,259 | €3,231,596 | -€243,663 | -7.0% |
| Land and buildings | 22 | €3,436,340 | €3,208,564 | -€227,776 | -6.6% |
| Furniture and vehicles | 24 | €10,123 | €7,642 | -€2,481 | -24.5% |
| Leasing and similar rights | 25 | €28,796 | €15,390 | -€13,406 | -46.6% |
| Financial fixed assets | 28 | €558,495 | €858,495 | +€300,000 | +53.7% |
| Current assets | 29/58 | €6,219,748 | €5,250,914 | -€968,834 | -15.6% |
| Stocks and contracts in progress | 3 | €5,196,488 | €4,767,999 | -€428,490 | -8.2% |
| Stocks | 30/36 | €5,196,488 | €4,767,999 | -€428,490 | -8.2% |
| Amounts receivable within one year | 40/41 | €990,708 | €436,567 | -€554,141 | -55.9% |
| Trade receivables | 40 | €36,326 | €16,787 | -€19,539 | -53.8% |
| Other amounts receivable | 41 | €954,382 | €419,780 | -€534,602 | -56.0% |
| Cash at bank and in hand | 54/58 | €26,359 | €32,469 | +€6,110 | +23.2% |
| Deferred charges and accrued income | 490/1 | €6,193 | €13,879 | +€7,686 | +124.1% |
| Total equity and liabilities | 10/49 | €10,253,502 | €9,341,004 | -€912,497 | -8.9% |
| Equity | 10/15 | €2,456,149 | €2,921,549 | +€465,401 | +18.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,206,149 | €2,671,549 | +€465,401 | +21.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €2,181,149 | €2,646,549 | +€465,401 | +21.3% |
| Amounts payable | 17/49 | €7,797,353 | €6,419,455 | -€1.4m | -17.7% |
| Amounts payable after more than one year | 17 | €2,245,307 | €2,083,296 | -€162,011 | -7.2% |
| Financial debts | 170/4 | €2,245,307 | €2,083,296 | -€162,011 | -7.2% |
| Amounts payable within one year | 42/48 | €5,530,493 | €4,322,093 | -€1.2m | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €157,783 | €162,011 | +€4,228 | +2.7% |
| Financial debts | 43 | €1,589,536 | €1,469,316 | -€120,220 | -7.6% |
| Credit institutions | 430/8 | €1,589,536 | €1,469,316 | -€120,220 | -7.6% |
| Trade debts | 44 | €23,031 | €16,155 | -€6,877 | -29.9% |
| Suppliers | 440/4 | €23,031 | €16,155 | -€6,877 | -29.9% |
| Advances received on contracts in progress | 46 | - | €47,020 | +€47,020 | |
| Taxes, remuneration and social security | 45 | €13,319 | €55,438 | +€42,119 | +316.2% |
| Taxes | 450/3 | €10,048 | €47,963 | +€37,916 | +377.4% |
| Remuneration and social security | 454/9 | €3,271 | €7,475 | +€4,203 | +128.5% |
| Other amounts payable | 47/48 | €3,746,823 | €2,572,153 | -€1.2m | -31.4% |
| Accrued charges and deferred income | 492/3 | €21,553 | €14,066 | -€7,487 | -34.7% |
| Remuneration, social security and pensions | 62 | €21,394 | €45,670 | +€24,276 | +113.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,637 | €259,450 | -€6,186 | -2.3% |
| Other operating charges | 640/8 | €140,900 | €112,575 | -€28,325 | -20.1% |
| Non-recurring operating charges | 66A | €37,455 | €0 | -€37,455 | -100.0% |
| Gross operating margin | 9900 | €318,575 | €1,036,123 | +€717,548 | +225.2% |
| Operating profit (loss) | 9901 | -€146,810 | €618,428 | +€765,238 | |
| Financial income | 75/76B | €1,699 | €50,022 | +€48,324 | +2844.8% |
| Recurring financial income | 75 | €1,699 | €50,022 | +€48,324 | +2844.8% |
| Financial charges | 65/66B | €139,991 | €107,841 | -€32,150 | -23.0% |
| Recurring financial charges | 65 | €139,991 | €107,841 | -€32,150 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€285,102 | €560,609 | +€845,712 | |
| Income taxes | 67/77 | €1,511 | €95,208 | +€93,697 | +6199.6% |
| Profit (loss) for the period | 9904 | -€286,614 | €465,401 | +€752,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€286,614 | €465,401 | +€752,015 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.